What role did real estate play in causing and exacerbating the Asian financial crisis? This study shows its role in inducing the crisis; its linkage to the general economy; the reasons for real estate booms and busts; and the economic costs of real estate price volatility.
This book is the first to evaluate the organisation, behaviour and performance of six major East Asian real estate markets. It offers a unique analysis of the growth and transformation of the real estate sector across East Asia.
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